Posts Tagged Italy

Eddie Hobbs – TV3 – The Euro Collapse

Here’re the key points, in case you have trouble with that lovely Irish lilt.

  1. “At the moment, economics is being run by politicians”. Since when hasn’t it?
  2. “a global financial event which will dwarf what happened after Lehman Brothers”
  3. “If Italy fails, we’re looking at economic Krakatoa”.
  4. “What is shows us is that the the whole Keynesian model … has been an utter failure.”

[yframe url=’http://www.youtube.com/watch?v=kzGJWtYnAdE’]

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Mish’s Global Economic Trend Analysis: Spain’s Icelandic Revolt; Protests Spread to Italy

protest images by Juan Luis Sanchez on Yfrog

 

Wow! Things are hotting up in Europe. This is getting interesting!

A protest movement that started in Spain has now spread to Italy. The Spanish government has banned protests, but that has only encouraged more protests.

Protests in Iceland helped bring down the Icelandic government and stopped the bailouts of banks at the expense of Icelandic taxpayers. Can the same thing happen in Spain?

via Mish’s Global Economic Trend Analysis: Spain’s Icelandic Revolt; Protests Spread to Italy.

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